Credit counseling may help reduce consumer debt – EurekAlert

By the end of fourth quarter 2018, total household debt in the United States reached a new high of $13.54 trillion. A new Economic Inquiry study found that nonprofit credit counseling–which reaches millions of consumers a year and provides financial education, individualized financial counseling, and debt restructuring services–can be an effective strategy for addressing consumer…

Jacqui Lambie demands Tasmania debt relief for tax cuts support – The Australian

Jacqui Lambie (centre) sits with Centre Alliance Senator Rex Patrick (left) and Stirling Griff during the official opening of the 46th Federal Parliament yesterday. Picture: AAP. Independent senator Jacqui Lambie says she wants to see Tasmanias debt from the federal government relieved if she is to pass Scott Morrisons full tax cuts agenda. Senator Lambie,…

Hecs debt repayment changes: why more people will be forced to pay off student loans – The Guardian

On Monday, the Hecs (Higher Education Contribution Scheme) repayment threshold fell to the lowest it has ever been. From now on, anybody earning over $45,881 a year will have to start repaying their student loans effective immediately. Two years ago, the repayment threshold was $56,000, but Australias Coalition government lowered that to $52,000 last year…